Sensirion (SENS) H2 2025 earnings summary

Executive summary

• Revenue for 2025 reached CHF 342.4 million, up 29% in local currencies and 24% in CHF, with EBITDA more than doubling to CHF 63.5 million and margin rising to 18.5% from 10.5% (adjusted 2024), reflecting robust operational leverage and broad-based growth across all markets.

• Achieved global market leadership in A2L leakage sensors, capturing over 50% share, with significant gains in the US and resilient, diversified demand.

• Growth areas in automotive, medical, industrial, and consumer segments are materializing, supported by new applications and innovations.

• Resilience initiatives include diversified manufacturing, supply chain risk mitigation, and reduced Swiss franc exposure.

• 2025 performance builds confidence for continued growth, supported by a strong pipeline and resilient operations.

Financial highlights

• Net sales rose 29% in local currencies and 24% in CHF, reaching CHF 342.4 million for 2025.

• Gross margin improved to 52.3% (up from 49.2% adjusted prior year), driven by higher utilization and efficiency programs.

• EBITDA more than doubled to CHF 63.5 million (18.5% margin), and EBIT reached CHF 42.8 million (12.5% margin).

• Net profit was CHF 20.1 million, representing 5.9% of revenue.

• Operating cash flow was CHF 58.3 million, with free cash flow of CHF 24.8 million, fully funding all investment activities.

• Net cash increased by 35% to CHF 71.7 million, and the equity ratio remained strong at 82%.

Outlook and guidance

• For 2026, structural growth of 5–12% is expected on a currency-adjusted basis, with revenue guidance of CHF 335–360 million.

• Profitability is targeted to remain at 2025 levels, with EBITDA margin guidance in the mid to high teens.

• A2L revenue contribution is expected to be stable, with lower seasonality and moderate growth in future years.

• Growth acceleration beyond 2026 is anticipated from new programs in automotive (battery management), medical (flow and gas sensing), industrial (methane emission), and A3 leakage detection.

• Medium-term guidance confirmed, with growth areas expected to contribute more significantly from 2026 onward.